ASSA ABLOY AB (publ) (OTCMKTS:ASAZY) Stock Rating Lowered by Zacks Investment Research

ASSA ABLOY AB (publ) (OTCMKTS:ASAZY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Monday, Zacks.com reports.

According to Zacks, “Assa Abloy AB offers locks and security products. Its product offer include mechanical locks such as door locks and cylinder locks and security doors, electromechanical locks, electronic locks, door closers, door automatics, access control systems. Assa Abloy also provides secure identity solutions, contactless identification technology solutions, electronic lock systems and safes for hotels and cruise ships. The Company primarily sells in Europe and in North America. Assa Abloy AB is based in Stockholm, Sweden. “

A number of other equities research analysts have also recently weighed in on ASAZY. Credit Suisse Group reissued an “outperform” rating on shares of ASSA ABLOY AB (publ) in a research report on Thursday, April 29th. Morgan Stanley reaffirmed an “equal weight” rating on shares of ASSA ABLOY AB (publ) in a report on Thursday, April 29th. Nordea Equity Research raised shares of ASSA ABLOY AB (publ) from a “hold” rating to a “buy” rating in a report on Monday, February 8th. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell assumed coverage on shares of ASSA ABLOY AB (publ) in a report on Friday, March 19th. They issued a “buy” rating for the company. Finally, Barclays raised shares of ASSA ABLOY AB (publ) from an “equal weight” rating to an “overweight” rating in a report on Friday, March 26th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and nine have issued a buy rating to the company’s stock. ASSA ABLOY AB (publ) presently has a consensus rating of “Hold” and an average price target of $15.00.

ASSA ABLOY AB (publ) stock opened at $14.54 on Monday. The firm has a 50 day moving average price of $14.54 and a 200 day moving average price of $12.98. The company has a market capitalization of $30.68 billion, a PE ratio of 35.46 and a beta of 0.79. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.84 and a current ratio of 1.22. ASSA ABLOY AB has a fifty-two week low of $8.78 and a fifty-two week high of $15.28.

ASSA ABLOY AB (publ) (OTCMKTS:ASAZY) last issued its earnings results on Wednesday, April 28th. The industrial products company reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.01. ASSA ABLOY AB (publ) had a net margin of 9.35% and a return on equity of 13.66%. As a group, equities research analysts forecast that ASSA ABLOY AB will post 0.41 earnings per share for the current year.

ASSA ABLOY AB (publ) Company Profile

ASSA ABLOY AB (publ) provides door opening products, solutions, and services for the institutional, commercial, and residential markets in Europe, the Middle East, Africa, North and South America, Asia, and Oceania. The company offers mechanical and electromechanical locks, digital door locks, cylinders, door fittings, security doors, door frames, access control devices, and fire doors, as well as hardware products.

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Analyst Recommendations for ASSA ABLOY AB (publ) (OTCMKTS:ASAZY)

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